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Circle paid $461 million in distribution costs from $733 million reserve income in Q4

Circle sent 63% of Q4 USDC reserve income to distributors, compressing margins. Summary Circle generated $733.4m in Q4 reserve income and paid $460.6m in distribution and transaction costs, leaving $272.8m net reserve income before operating expenses.​ USDC circulation hit $75.3b, up 72% YoY, with average USDC outstanding doubling to $76.2b and a 3.8% reserve return,…

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Circle stock price target slashed as bank labels it ‘Switzerland of stablecoins’

Circle stock price popped by over 35% on Wednesday, its best day since going public, after publishing stronger revenue and USDC stablecoin growth than expected. Summary Circle stock price soared after publishing strong financial results on Wednesday. Canaccord Genuity analysts maintained a bullish outlook for the stock. They slashed their CRCL stock target to $160,…

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